SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (169045)12/4/2008 1:42:48 PM
From: damainmanRespond to of 306849
 
I've been eyeballin' MTG. PMI RDN been moving ever since the ultimate homeowner bailout contest started but MTG lagging- may close my eyes and buy with Obama more likely than not to get on board with some kind of foreclosure help.



To: Perspective who wrote (169045)12/4/2008 1:45:58 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
I don't think rates are all that crucial at the moment. Jobs are, income is. Even with low rates, loan standards remain (appropriately) tight. And incomes are falling. And we have a huge backlog of existing homes, foreclosures, etc. All in all, any nice bounce in homies here should be shorted, not yet but soon.



To: Perspective who wrote (169045)12/4/2008 2:53:51 PM
From: ItsAllCyclicalRead Replies (1) | Respond to of 306849
 
Gov intervention. Obviously not directly in the homebuilders, but it looks like they're going to get more desperate in their bid to support home prices. More money well spent...

Jobs number tomorrow. We'll see but I'm going into tomorrow somewhat short - not heavy, but given the bounce the last few days having a few shorts here I think is ok.